Author: Muindi

Food delivery app Glovo is shutting down operations in Ghana as of May 10, 2024. The company says it will focus its efforts on more profitable African markets. Despite a promising Ghanaian market with a growing population and improving internet access, high inflation and increased taxation made continued investment unsustainable. “While we recognise the potential of the Ghana market, building a stronger position in the market and achieving profitability would require substantial investment over an extended period of time,” Regional General Manager Glovo Africa, Dima Rasnovsky, said in a statement.  “This is why we have decided to redirect our resources…

Kenya Airways (KQ) has suspended all flights to Kinshasa, the Democratic Republic of the Congo (DRC), starting Tuesday, April 30th, 2024.  The suspension comes after the DRC’s military intelligence unit detained two KQ employees on Friday, April 19th. According to a statement released by KQ on Monday, April 29th, the airline can only accelerate flights to Kinshasa without trained personnel. The statement further criticizes the DRC military for disregarding a court order issued on Thursday, April 25th, which mandated the release of the employees. “Due to the continued detention of KQ employees by the Military Intelligence Unit in Kinshasa, Kenya Airways…

Schools in Kenya will delay their reopening from April 29th to May 6th, 2024 for the second term, due to the ongoing floods. Reason for Delay Heavy rains have adversely affected many schools across the country. Education Cabinet Secretary Ezekiel Machogu announced the decision based on reports from field officers. “In the face of the ongoing heavy rains, the Ministry of Education last week directed its field officers to submit data from all Basic Education Learning Institutions countrywide to assist the Government in assessing the readiness of the schools for the Second Term opening on Monday, April 29, 2024,” the statement from Machogu read in part. Education…

Kenya’s National Environment Management Authority (NEMA) is implementing a ban on plastic bags for organic waste collection.  The directive, taking effect on July 8, 2024, aims to reduce plastic pollution and promote environmentally friendly waste management practices. According to the directive, Kenyans have 90 days to switch from plastic to 100% biodegradable bin liners for organic waste collection. “All organic waste generated by households, private sector and public sector institutions, private and public functions and events shall strictly be segregated and placed in 100% biodegradable garbage bags/bin liners only,” NEMA said. The directive aligns with Section 12 of the Sustainable…

Equity Bank has opened a new branch in Mariakani Municipality, a move welcomed by small and medium-sized enterprises (SMEs) who see it as a major boost for their operations. The Mariakani branch joins Equity’s extensive network, increasing its presence to 20 branches in the Coast region and 205 branches nationwide. Equity Bank’s commitment to the region is underscored by this new branch, according to Joseph Ndung’u, General Manager for the Coast Region.  Equity Bank’s branch in Mariakani is one of four recent openings nationwide. Other Hindi locations are at Lamu Port, Kisii Stage Plaza along Daraja Moja—Nyamataro Road, and the…

Standard Chartered Bank has simplified personal loan access through its SC mobile app, eliminating the need for physical paperwork. Customers seeking loans must apply directly using the SC mobile app. Navigate to the “Apply for Products” section and select “Personal Loans and Overdrafts.” Customers can borrow between R3,000 and R300,000 and choose a repayment plan between 12 and 72 months. A monthly service fee of R69 will apply to all loans. In addition, a one-time initiation fee ranging from R419.75 to R1,207.50 (VAT inclusive) will be charged. Interest Rates  The interest rates are personalized up to a maximum of 17.5…